Pimpy
Let's talk about the high possibly of a reevaluation taking place here real soon with the Iraqi dinar... Article: "The dollar is flying fast and registering 162 thousand dinars in the markets". 1,620 for every dollar is a huge gap between the fixed rate of 1,320...Iraq is going to have to do something very soon about this situation. They can't keep allowing this to get out of control. It's causing inflation...and it's affecting the economy... The last time we started to see this type of gap between the fixed rate and the black market rate, Iraq was forced to increase the value of dinar.
IMO if this keeps getting out of control I don't think they're going to have any choice but to do the same thing again...Keep in mind the Iraqi dinar before they devalued you got 1,190 dinars for every dollar, it dropped down to 1,450 for every dollar then they increased it to where you get 1,300 for every dollar. If they go to make a move again is it possible they finally bring us back to where we started from at 1,190 or every dollar. It almost looks unavoidable at this moment.
People have asked me, 'Do you expect any changes in 2024?' Yes, nothing in '23 though but 2024 absolutely. As a mater of fact I'm anticipating a couple of changes. Over then next couple years I'm expecting to see the Iraqi dinar start to take steps towards increasing its exchange rate little by little. At least it's going in the right direction...
I think over the next few years you'll start to see the Iraqi dinar slowly increase in value little bylittle. It's hard to talk about where the dinar is going to be just because the United States isn't going to let those resources go and Iraq
can't stop getting in trouble - at least that's what we're told...
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